Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of all hamburgers sold): 27 percent, 26 percent, 22 percent, 12 percent, 7 percent, 4 percent, and 2 percent. Instructions: Enter your answers as a whole number. What is the four - firm concentration ratio of the hamburger industry in this town? percent What is the Herfindahl index for the hamburger industry in this town? If the top three sellers combine to form a single firm, what would happen to the four - firm concentration ratio and to the Herfindahl index? Four - firm concentration ratio = percent Herfindahl index =

Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of all hamburgers sold): 27 percent, 26 percent, 22 percent, 12 percent, 7 percent, 4 percent, and 2 percent. Instructions: Enter your answers as a whole number. What is the four - firm concentration ratio of the hamburger industry in this town? percent What is the Herfindahl index for the hamburger industry in this town? If the top three sellers combine to form a single firm, what would happen to the four - firm concentration ratio and to the Herfindahl index? Four - firm concentration ratio = percent Herfindahl index =

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter11: Monopoly And Antitrust Policy

Section: Chapter Questions

Problem 2SCQ: Is it true that the four-firm concentration ratio puts more emphasis on one or two very large films,...

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Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of all hamburgers sold): 23 percent, 22 percent, 18 percent, 12 percent, 11 percent, 8 percent, and 6 percent. Instructions: Enter your answers as a whole number. a. What is the four-firm concentration ratio of the hamburger industry in this town? percent b. What is the Herfindahl index for the hamburger industry in this town? c. If the top three sellers combine to form a single firm, what would happen to the four-firm concentration ratio and to the Herfindahl index? Four-firm concentration ratio = percent Herfindahl index =
Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of all hamburgers sold): 23 percent, 22 percent, 18 percent, 12 percent, 11 percent, 8 percent, and 6 percent. Instructions: Enter your answers as a whole number. a. What is the four-firm concentration ratio of the hamburger industry in this town? Book percent Print b. What is the Herfindahl index for the hamburger industry in this town? erences c. If the top three sellers combine to form a single firm, what would happen to the four-firm concentration ratio and to the Herfindahl index? Four-firm concentration ratio = |percent Herfindahl index =
Calculate the four-firm concentration ratio (CR-4) given the sales data. Assume that the firms listed are the only firms in this market. Sales (millions of dollars) 7.4 7.1 Expressive 6.8 LA & Company 6.2 5.3 Forever 22 Limitless 4.2 What is the four-firm concentration ratio? Round to the nearest whole percent in your calculations. Retailer Dap American Jaybird
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